New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-03-15
CONTROL OF BALTIMORE AND OHIO.
ABUNDANT RUMofs in WALL STREET.

| WHY NIX. bULLf NCi hA1hSioS IA"
THE TELEGRAPH BUSINESS
There WIS no dearth Of rumors yesterday in regard
70 the affairs of the Bait more and OHIO Railroad.
statcmen was published in the morning that the com
| pany had secured control of the Richmond and West
Point Terminal system. although previous information
had atber favored the theory that President Garrett
was willing 10 retire from active railroad management
and with that purpose il, view, had gwen an OPTION
on controlling interest in the road to the president
of the Terminal company. That Mr. Sully did NOT
exercise the privilege he had obtained was largely
due it is now generally admitted, to his failure 10
secure the cooperation Of the Pennsylvania Railroad
and in telegraph matters OF jay Gould When IL was
discovered that these interests we've opposed 10 tho
deal instead OF being active in favor and support OF
it, Mr.. Sully's backing deserted him. One OF tne
friends who would have taken large interest IN the
sci enc If it Tad been assured OF success remarked
yesterday: .,,..
sTte simple result of the negotiations is the widely
advertised fact that the Baltimore aud Ohio Railroad
ia for sale Ii natural that good many people VIII
devote some attention TO the property and MAKE
some calculations to its value In this way tno
deal NAV lead by and by to actual transfer o. inc
control but at present there seems TO be no iineu
probability OF n sale
The control OF the road" Mr.. Gould observed,
ought TO be left with Baltimore while longer Inc
people OF Baltimore apparently hold it in high estl-
nation and they ought rghttuly to do tho tnancier-
ing, for it, Perhaps some will nant to buy the
control. but the next owner will get 1t at some io-
Among the many rumors that have sprung from inc
recent negotiations. the latest one probably anus"
Wall Street the most. The news agencies puplisheu
his dispatch from St LOUIS:
No one need be surprised II. when the smoke OF me
Baltimore ana Ohio deal clears away the Atkinson 10
found TO he the owner -,
The statemen, was published yesterday that the
oppusition telegraph companies had been united lhh'
in con.t ouence of the change OF ownership oil the
Baltimore and Ohio Railroad the telegraph COMPANY,
was to be separated from the railroad company anu
with the United Lines and the Postal Telegraph Oom
panies united in system. a pooling agreemeU,
between the opposition companies has been h
nj times for the past more. bat nothing n.'
ever rsuted from the con liberation oil the snncG C
At the general Offices of the Baltimore and ONO iee
graph Company it was saiI that agreement OF INC
Kind had bern made. President Chandler, OF inc
Postal Telegraph Company which operates Inc ohi'ou
Lines system said: ,, a.
Thee has been no agreement made between the
conpanies aud do not know OF any negotiations ina
are likely result in agreement soon IL Is hatIn
that the companies should join in common oppo
siion but | have reason to expect a union at
present The matter has bcen talked about many
times hut without positive results 49,
4 well-mtorined capitalist, who ia IN position 10
know the facts said: have most of the people
who a,e re .ated to the negotiations and whose co.
operation is necessary 10 any successful deal anu
am satisfied that there IS nothing new III the SITUATION
The Sully deal is off, and matters now stand a. III
rGIBUNE puts it it is now known that The coatIo OF
tho Baltimore and Ohio Is IN the market Tor shl, anu
sometime will he secured by somN purchaser at some
price II anv negotiations are now pending they are
OF a que and intangible nature. But bel eve thA'
The result Will be the eventual trAnFfF 81 pam
moro and Ohio to people who are identified with the
Pcnn.y wanna Railroad and Mr. Could. There are
nomc hint, that the Nanderhlts are likely to take part
IN any zeal and probably To assure Its success u
would have 10 merit the corporation of practically all
the prominent railroad systcms affected 10y Baltimore
and OhiOs competition indirectly ~ well - Directly
ANXIOUS MERCHANTS ~ BALTIMORE
VIZ. GARRETT ASSURING THEM THAT TIE INTEEE rs
or TIE CITY WILL BE PROTECTED
BALTIMORE March If (SpcciGn.- President Garrett
did not try TO avoid anxious iuqnrers toda,. bat re-
ccived number of business men in his o.ce m the
Baltimore aud Ohio building Merchants wto called
to lcari from his own lips how Baltimore would bc
affected b., such gigantic combination a. that pro-
posed, were told that the ideas OF John W. Garrett,
who had always fostcred Ba'tInores interests. would
he carried one 10y his son; that Baltimore would not
become % way station where Trains troa Ncwi ok 10
the south and West would stop twenty mlnu.os IOr
re.re.hmcuts; and thai soon as al the arrange
mouts were completed they would be toll the whole
story.
Mr.. Garrett would smillngly -ly.
But what has jay Gould 10 DO with II You are not
going let the Penns, lvana sobble ~ tc road ba.t-
IA lrc las helped 50 mucn J.
Stop STOP don't bo too ha7tv." Nr. Garrett wonld
interrupt now just wait few laws, gentlemen. ana
all will be satisfactory
Bat many Baltimore business mon AMI taxpayer
are not satisfied. They openly dcclste thht Mr:
Garrett owes IL 10 the city 10 consult The Municipal
Corporation. It reported that the Finance Com
missoncr- OF the city bad been approached ~ negoa-
tons for the citys stock IL Il the general belci mere
that # the Baltimore and Ohio does pass INTO the con
troll OF the Richmond Terminal COMPANY. or OF syn
dictate OF priv ate bankers. the stock will be waterc 10
tho 1t.nt of $50 600 900 or the strength OF
the surplus capital. Baltimore and Ohio director
who has been rOrried good deal by reporters re-
GENTLY makes this statement OF the situaton:
The deal practically has been made There has been
something Of n change In the plan OF negotiating the
ansAction but the results will DO about the
People VIII interested in tho West Point Terminal
Company aud the Richmond aud Danyiile system o.
raj roads are in it. The new concern will not be
deferred by the opposition that may he made 10 the
use OF the road between Philadelphia and New Otk.
In the near future the Reading Rail oad will be
organized and will lop on coal lands leased lines and
fixed charges that now weigh 1t down. When IT
comes forth rehab.litated the Reading will doubtless
III shape make contracts without rival Intorier
ence. Jay Gould il not IL the new syndicate, but
there are many pcofle who think that gcntlemans
hand III be discovered when tho screen Is removed.
The plans do comprehend tho abandonment OF the
Baltimore and Ohio Telegraph EX,iess and ParlOr
Car Companies. The telegraph, IL u admitted is not
making money, because it is in with the West
Union. But it is not much OF n burden TO carry,
and when rates advanced they must be- II will
earn money. In the new deal the telegraphs viii be
extended"
Baltimore Ohio stock strongest TO day.
It opened at l6s and sold up to 40. Between these
two figures 100 shares changed hands. and il is re-
ported bought in by the syndicate 1t Is learned
that in the last few days several conferences have been
held between the Pennsylvania, baltimore and OHIO
Railroad ana the Adams Express Company officials.
Is THE ATCHlsOS COMPANY IN THE DEALT
ST. LOUIS, March LITTLE RoPubiicnt this morning
says: ~ railway official whose connection with the New
York and Boston end Of certain trans Mississippi roads
gives him most excellent opportunities know what Is
going behind the curtain said last night that no ono
need be- surprised H. when the smoke Of the Baltimore
and Ohio deal cleared away the Atchison Topeka and
santa lie Is found TO be the owner lie asserted that
CotaOns have been pending between the Atchson and
the Baltimore officials Tor more than months aud that
the hitch In the deal last week wholly due .he
Gould party. who wanted TO defeat IT, because the Mis-
souri, Facinc dd not Ike The idea of its powerful
and energetic rival controlling continuous limo OF road
from ocean TO ocean,
CHARLES i. CLARK'S PROMOTION.
POSSIBILITY OF AN ALLIANCE or THE CHIEF NEw-
ENGLAND hOADs.
Tie change In the presidency OF the New-YorI, New